IASB Meeting Summaries and Observer Notes

IASB January 2014

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The IASB and the FASB discussed summaries of the feedback from comment letters, outreach (including with users of financial statements) and fieldwork on both the IASB's Exposure Draft ED/2013/7 Insurance Contracts and the FASB's Exposure Draft Insurance Contracts.

No decisions were made by the IASB or the FASB.

Next steps

The FASB will continue its discussions on its project on insurance contracts in February and the IASB will continue its discussions in March.